The government has fully assured the pharmaceutical industry it will fully support it in its expansion, diversification and strengthening says Commerce and Industry Minister Piyush Goyal interacting with the captains of the pharmaceutical industry.  

 

He said that the industry has an important role to play in the Aatmanirbhar Bharat campaign and the country should become Aatmanirbhar in APIs as early as possible, as the government has taken a number of steps in this regard. It has already approved the scheme on Promotion of Bulk Drug Parks for financing Common Infrastructure Facilities in 3 Bulk Drug Parks. Also, Production Linked Incentive Scheme for promotion of domestic manufacturing of critical KSMs/Drug Intermediates and APIs in the country has been given a go ahead.

 

The minister said that the anti-dumping investigation process has been expedited. The minister said that in case of ongoing bilateral FTAs, if any roadblock or unfair competition is being noticed, the government may be informed and prompt remedial action will be taken. 

 

He said they should look at the large untapped market in Eastern Europe and Russia.

 

Calling upon a collaborative route in the R&D efforts, Goyal said the academicians, universities, ICMR and private sector should join hands. Informing the gathering that the government has decided to disinvest in certain pharma PSUs, the minister invited the Indian companies to use PSUs for plug and play model of manufacturing. 

 

The minister assured the industry that all suggestions presented in the meeting will be quickly examined and wherever required, the inter-ministerial consultations will be completed at the earliest.

 

The meeting was attended by the Ministers of State HS Puri and Som Parkash, Secretaries and officers of the Department of Commerce Pharmaceuticals and Health.